Jumbo Loans: When a Regular Mortgage Isn’t Enough

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What is a jumbo loan?
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan in 2025 is $806,500 in most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan.
Jumbo loans are considered riskier for lenders because these loans can’t be guaranteed by Fannie Mae and Freddie Mac, meaning the lender is not protected from losses if a borrower defaults. Since they can't be resold, jumbo loans generally remain on the lenders' own books, making them a type of portfolio loan.
Mortgage loans from our partners

on New American Funding
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Mortgage loans from our partners

on New American Funding
on New American Funding

on GO Mortgage
GO Mortgage
4.0
NerdWallet rating
4.0
NerdWallet ratingon GO Mortgage